Connor Clark & Lunn Investment Management Ltd. Raises Position in EverQuote, Inc. (NASDAQ:EVER)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in EverQuote, Inc. (NASDAQ:EVER) by 636.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 104,729 shares of the company’s stock after acquiring an additional 90,500 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in EverQuote were worth $2,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of EVER. State Board of Administration of Florida Retirement System purchased a new position in EverQuote during the first quarter valued at $211,000. Vanguard Group Inc. increased its position in EverQuote by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock valued at $21,487,000 after acquiring an additional 30,577 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of EverQuote in the first quarter valued at $2,167,000. CWM LLC lifted its holdings in shares of EverQuote by 133.2% in the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after acquiring an additional 1,063 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in EverQuote in the second quarter worth about $808,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

EverQuote Trading Up 0.9 %

NASDAQ:EVER opened at $19.33 on Tuesday. The firm has a fifty day simple moving average of $19.59 and a 200-day simple moving average of $21.62. EverQuote, Inc. has a 12 month low of $8.44 and a 12 month high of $28.09. The company has a market capitalization of $683.32 million, a P/E ratio of 56.85 and a beta of 1.06.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. EverQuote’s quarterly revenue was up 162.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.40) EPS. Equities analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

EVER has been the subject of a number of recent analyst reports. Needham & Company LLC boosted their target price on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. dropped their target price on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Craig Hallum increased their target price on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, B. Riley cut their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $28.50.

Insider Transactions at EverQuote

In other news, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the sale, the chief technology officer now directly owns 155,491 shares in the company, valued at $3,144,028.02. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George R. Neble sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the transaction, the director now directly owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,716 shares of company stock worth $188,810 over the last quarter. 29.79% of the stock is currently owned by insiders.

About EverQuote

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.